Joseph Gates Clark Sells 1,346 Shares of Penguin Solutions (NASDAQ:PENG) Stock

Penguin Solutions, Inc. (NASDAQ:PENG) SVP Joseph Gates Clark sold 1,346 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $19.03, for a total value of $25,614.38. Following the completion of the sale, the senior vice president owned 122,318 shares in the company, valued at $2,327,711.54. The trade was a 1.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Penguin Solutions Stock Up 3.5%

Penguin Solutions stock opened at $19.37 on Friday. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 84.22 and a beta of 2.23. Penguin Solutions, Inc. has a 52-week low of $14.20 and a 52-week high of $29.80. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.86 and a current ratio of 2.33. The firm has a 50 day moving average price of $19.87 and a two-hundred day moving average price of $22.08.

Penguin Solutions (NASDAQ:PENG) last posted its quarterly earnings data on Tuesday, January 6th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.08. The company had revenue of $343.07 million during the quarter, compared to analysts’ expectations of $345.08 million. Penguin Solutions had a net margin of 1.82% and a return on equity of 16.01%. Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. Equities analysts predict that Penguin Solutions, Inc. will post 1.05 EPS for the current year.

Analysts Set New Price Targets

PENG has been the topic of several research analyst reports. Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of Penguin Solutions in a research report on Tuesday, February 3rd. Weiss Ratings cut Penguin Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, February 5th. Rosenblatt Securities reaffirmed a “buy” rating and set a $30.00 price objective on shares of Penguin Solutions in a research report on Tuesday, February 3rd. Wall Street Zen downgraded shares of Penguin Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, The Goldman Sachs Group assumed coverage on shares of Penguin Solutions in a research note on Tuesday, January 13th. They set a “buy” rating and a $25.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Penguin Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC raised its holdings in shares of Penguin Solutions by 187.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,452 shares of the company’s stock worth $28,000 after acquiring an additional 946 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Penguin Solutions during the 4th quarter worth approximately $29,000. Raymond James Financial Inc. bought a new stake in Penguin Solutions during the 2nd quarter worth approximately $37,000. Strs Ohio purchased a new stake in shares of Penguin Solutions in the third quarter worth approximately $42,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Penguin Solutions by 4,131.7% in the third quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company’s stock valued at $45,000 after purchasing an additional 1,694 shares in the last quarter.

About Penguin Solutions

Penguin Solutions, Inc engages in the designing and development of enterprise solutions worldwide. It operates through three segments: Advanced Computing, Integrated Memory, and Optimized LED. It offers dynamic random access memory modules, solid-state and flash storage, and other advanced integrated memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services, including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services.